Monday, Nov 02, 12:09 GMT
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Forex Blogs
The Advisor Weblog: Eur/Usd approaching to 1.4800 by Valeria Bednarik
Another failure attempt to break under 1.4680/1.4700 strong support level, has pushed the pair back to the upside almost 100 pips. Moving slowly, indicators show not enough strength at this point, to confirm a run higher above the 1.4810 resistance area.
Tech Trading: EUR/JPY Bounces from 76,40% Fib by César B. Leiceaga
Trading for a living: Volatitily comes again at the europen opening on mondays by David Aranzabal
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Live Sessions Schedule
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Nov 2, 15:00 GMT
Sponsored by: 
Type of Session: Webinar
Weekly Webinar: 1st on Forex − The Week Ahead
Expert: Jerry Furst
Start: Mon, Nov 2, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Nov 2, 13:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Mon, Nov 2, 14:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Mon, Nov 2, 15:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
| Mon, Nov 2, 16:00 GMT | Volatility Trading Strategies to Perceive and Defeat Forex Volatility through Traditional Indicators | Mark Whistler | WBN | |
Current Session: Europe − U.S.
Risk Appetite Tapers Ahead Of Central Banks
ACM − Advanced Currency Markets − The pullback in risk sentiment has once again brought EURUSD within a whisker of the pivotal 1.4684 support in the Asian session, but the bullish trend remains intact and thus far the 50dma (now coming in at 1.4654) has provided a floor to any sell−offs in the rally. A bounce off this level will likely meet resistance around 1.4810−15, and thereafter 1.4876 and 1.4967.
GBP/USD
GBP/USD: Still looks well supplied towards 1.67 by Avantage Financial GMBH
Still looks well supplied towards 1.67 and BoE interest meeting next week could bring more QE and send the GBP falling
AUD/USD
AUD/USD looking to dip below 0.8800 level by Automaticx
AUDUSD has settled into a nice downward trend and currently present around a very important level at 0.9000 and it seems that it will gradually drop below 0.8800 level.
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : FXstreet.com , Deltastock , Financial Trend Analysis , KBC , Mizuho
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Event of the Day
UK PURCHASING MANAGER INDEX MANUFACTURING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 2 | 09:30 | Purchasing Manager Index Manufacturing | 53.7 | - | 49.5 |
UPDATE: UK Oct Mfg PMI Rebounds Strongly As Orders Surge (Dow Jones)
The UK. Purchasing Managers' Index for the manufacturing sector rebounded strongly in October, posting its strongest growth for two years as new orders surged, data showed Monday.
[ Full Story ]- Read the official data at Markit Economics
- Forex: GBP/USD: Pound returns above 1.6400 after PMI data (FXstreet.com)
- DATA SNAP: UK October Manufacturing PMI 53.7 Vs. 49.9 (Dow Jones)
- United Kingdom Oct Purchasing Manager Index Manufacturing rises to 53.7 vs 49.5 in Sep (FXstreet.com)
Event of the Week
EMU ECB INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 5 | 12:45 | ECB Interest Rate Decision | - | 1% | 1% |
EMU economic indicators - ECB council: no policy change by BHF−Bank
As far as next week's ECB council meeting is concerned, however, we are expecting the policy stance to be left unchanged. The central bank will probably restrict itself to gradually becoming more upbeat in its assessment of the macroeconomic situation and gently hinting that exit will be necessary "at some point".
[ Full Story ]Sunrise Market Commentary - No change in interest rates is expected by KBC Bank
FX Briefing - The ECB would stop providing unlimited liquidity by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Nov 2 | 00:00 | JP | Bank Holiday | |||
| 05:00 | JP | Vehicle Sales (YoY) (Oct) | 12.6% | 3.5% | ||
| 05:30 | AU | RBA Commodity Index SDR (YoY) (Oct) | -31.1% | -33.9% |
||
| 08:30 | CH | SVME − Purchasing Managers' Index (Oct) | 54.0 | 54.3 | ||
| 08:55 | DE | Purchasing Manager Index Manufacturing (Oct) | 51.0 | 49.6 | ||
| 09:00 | EMU | Purchasing Manager Index Manufacturing (Oct) | 50.7 | 49.3 | ||
| 09:30 | UK | Purchasing Manager Index Manufacturing (Oct) | 53.7 | 49.5 | ||
| 15:00 | US | Construction Spending (MoM) (Sep) | 0.8% | |||
| 15:00 | US | ISM Manufacturing (Oct) | 52.6 | |||
| 15:00 | US | Pending Home Sales (MoM) (Sep) | 6.4% | |||
Educational Resources
While collecting data about the Forex market, it is important to know who the major players are. Who originally designed Forex, who are the major participants, who makes decisions that have a significant impact on the Forex market? This and more will be explored in Joseph James Gelet article. Read the full article!
Related Resources
The Main Players In The Forex Market - Chapter A02 of FXstreet.com Learning Center
The structure of FX market and the role of the retail forex broker - Report by The Forex Journal
Man vs. Market - Ebook by Rob Booker